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Eli is in the business of manufacturing phones. He must pay a daily fixed cost to rent the building and equipment, and also pays a cost per phone produced for materials and labor. Let C represent the total cost, in dollars, of producing p phones in a given day. The table below has select values showing the linear relationship between p and C. Determine the additional cost to produce each phone.

Eli is in the business of manufacturing phones He must pay a daily fixed cost to rent the building and equipment and also pays a cost per phone produced for mat class=

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chetankachana

Answer:

1 phone costs $175

Step-by-step explanation:

The skeleton equation is C = Px + R, where C is total cost, P is the number of phones, x is the price of phones, and R is the rent

We can find the rate of change by finding slope:

1475 - 775/5 - 1 = 700/4 = 175

Now we can input 775 for total cost, and 1 as the number of phones to find the rent

775 = 1(175) + R

775 = 175 + R

600 = R

The rent is 600

1 phone costs 175

-Chetan K
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